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they never get to to see all in one place. >> go a lowe's or home depot, one of the big box stores, good luck. you're on your own. >> how did these two enter the seemingly saturated market of a complex, well established industry like bathroom remodeling. >> no one approached it from a system perspective. sometimes it takes someone from outside the industry to reinvent the industry. >> as outsiders they asked themselves how they could stream line a process where most of the suppliers and manufacturers don't know each other and almost never communicate. >> no one delivers your bathroom in a box. that's what we do. >> that's how they hit on bath in the box concept. they treated the whole bathroom as a single product rather than a collection of various widgets. by bundling everything together they streamlined the supply chain from the design sketch to a finished bathroom. >> the idea is to be able to think through in advance all the parts that go into that eco system. >> that's nice. all in there? >> vanity, tubs. >> a box with my whole bathroom in it. >> that homeowner is renovating her bathroom
and bill say that big manufacturers are starting to take notice of this new supply chain approach. they see it as an alternative drishs channel to the big box stores which control much of the industry. >> the manufacturers see bath simple as a way to open up a whole new channel for how they sell their product. they're stuck in the home depot, lowe's channel, it's a big channel, but a low margin, it's dangerous to have one big customer. we sell to the contractors out there and they get it very quickly. >> consumers, too, are taking notice. the online design software makes the selection process faster and easier than the traditional chore of running from store to store. >> i have three middle school kids. and i just don't have to time. this whole idea intrigued me with bath simple. that's how i got started with that. >> from the manufacturers to the contractors to the consumer to the retail chains they see this as a new way of doing something that's been done for a long time the old way. >> rethinking and reinventing an approach to a business can make you stand out from the crowd. let's turn
. >> robert, is this a function of -- in part it is. how big of a part of firms failing or firms not having the capital to grow versus technology? >> that's a very good question. actually, the raw numbers don't give an answer to it. all we can do is make guesses. the fact that the numbers started falling before the recession may mean that the new business sector was a canary in the coal mine saying the economy was going to slow down. i think once the recession hit it's pretty clear the difficulty of getting capital has got to be affecting a lot of firms. it may not affect firms doing business on the internet because they can go to the cloud. it's a lot easier and cheaper these days to use technology to start your business, but if you're having a, you know, a restaurant or any other business that's got capital and so forth, you can't do all of your business on the internet. so that capitalism, that's scarce due to the recession. >> i want to ask you, brad, you deal with a lot of new businesses. do you find people aren't growing as quickly as they were a few years ago? >> i think they will be
-- it's not a big thought. what we wanted to do is test a suburban mall, suburban main street and that's what we did in the first year. and it's expensive to do that. >> while the idea isn't necessarily cost effective, she says the long-term goal is to save cash and better position marbles for expansion. >> we'll have made the decision to open 15 downtown location and really we should have been a suburban mall concept. so we got into short-term leases. that's how we are doing is everything short-term. we're now starting to get into longer term leases in order to secure that position as we grow. >> after figuring out which locations are the best for business, the idea is now being applied to stores in illinois and minnesota. >> the main street location both suburban and downtown could be great stores for us and we hope they're successful, but they're not as repeatable. but a suburban mall there are a lot of those. that's what we did in 2010. they're all mallow occasions. >> she says opening in malls automatically means more foot traffic which is what marbles needs to get customers in th
downtown's across the country and expand that way. it's not a big thought. what we wanted to do was test a suburban mall, suburban main street. that's what we did in the first year. it's expensive to do that. >> while the idea isn't necessarily cost effective, she says the long-term goal is to save cash and better position marbles for expansion. >> we made the decision to hope 15 downtown locations and we should have been suburban mall concept. we got into short-term leases. we are doing everything short term. we are now getting into longer term leases to secure the position as we grow. >> after figuring out which locations are best for business, the idea is now being applied to stores in illinois and minnesota. >> the main street location suburban and downtown could be great stores for us. we hope they are successful, but they are not as repeatable. a suburban mall, there are a lot of those. that's what we did in 2010. they are all mall locations. >> opening in malls means more foot traffic, which is what they need to get people in the door. >> we don't have a huge marketing budget. we
of people the mother company hopes to pay back. >> failure is not an option. we will be writing them a big check and i will say mother company! we did it. >> while ern might not be in a group of people where they have $1,000 to spare, there's something to be learned from this piece about going to people who understand your business. let's turn to this week's board of directors. we have the founder, president and ceo of count me in for women's economic independence. and larry chang is a managing partner at va ligs capital. >> great to be here. >> it's an interesting piece because both of you deal a lot with funding small companies. what i loved this woman turned down millions of dollars she was selling stuff on craig's list and turning down money at the same time. it turned tout be a great idea. >> love the fact she followed her i think stingts and said the professional investors are not for me. i'm going to find advocates for my company. >> a lot of people do this in maybe not organized a way as she has, it is angel funding it's friends and funding she had to look around for more friends a
's just a big concern about the regulatory climate so people are caucus about the way they make their business and growing and spending money and making it difficult for people to get through the economic downturn. >> does it feel different than a couple of years ago? >> it is. our members are saying it's worse, that the political climate is so much worse these days that people are putting politics over policy and making good decisions so there's a big concern about that instability and how it affects the economy longer term and how it trickles down to a small business owner who is just trying to sort his family and grow his business. >> you wrote an interesting article in "the new york post." if things go well, that's one scenario, if things don't go well, what should we think about. >> sort of in spite of what's happening in the economy, some of the things i recommend running a simmer promotion. i'll give you 25% off a certain amount of business if in exchange you pay in full by 31st. so i think compromise is fine when you're making deals with clients. i don't recommend conces
is not an option. we will be writing them a big check, and i will say woo hoo! mother company! we did it! >> so while everyone might not be in a group of people where they all have an extra $10,000 to spare, there's definitely something to be learned from this piece about going to people who understand your business. let's turn to this week's board of directors. nell is the founder, president, and ceo of count me in for women's economic independence. and larry chang is a managing partner at volition capital. great to see both of you guys. >> great to be here. >> it's such an interesting piece because both of you deal a lot with funding small companies. what i loved is that this woman turned down millions of dollars. she was selling stuff on craigslist and turning down money at the same time, but it turned out to be a great idea. >> yeah. >> loved the fact that she followed her entrepreneurial instincts and said, you know what, these professional investors are not for me. i'm going to find real advocates for my product and company and went to parents. i think that's a great idea. >> a lot of peo
. >> they get it quickly. >> thanks so much, you guys. >> thanks. >> well, big businesses can absorb the occasional unpaid bill, late payments are a bigger threat to smaller companies. here now are five ways to help your small business get paid on time courtesy of the nfib. consider giving discounts to customers who pay in advance. it's a way to reward good customers and you'll save in administration cost. penalties. have a clear policy stating late payments lin kur a penalty. let customers know a small interest amount will incur if payment isn't rev received. contracts include dispute resolution language to discourage clients from withholding payment over frivolous complaints. up front payment, deposits, downpayments and retainers can help protect your business and ensure customers will follow through with payment. and have your sales staff form good relationships with your customers. the personal attention will make customers more likely to pay their bills on time. >>> stilt to come, we answer your small business questions, including one about how consultants can market their servi
Search Results 0 to 8 of about 9

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